AH DRILLING CONSULTANCY AS: årsregnskap 2020 vs 2019
Stronger earnings, cash halved-plus
approved 2021-08-18; registry 2021-09-29; journal 2021 825270
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AH DRILLING CONSULTANCY AS. Net result -1.31m NOK → -2 500 NOK. Equity 9.73m NOK → 0 NOK.
On the constructive side: operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AH DRILLING CONSULTANCY AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -47.1k NOK → -39.6k NOK. Calculated
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↑
Net result improved
Net result -1.31m NOK → -2 500 NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity 9.73m NOK → 0 NOK (equity ratio 98.8% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 54.4k NOK → 8 738 NOK (-83.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 4.15m NOK → 4.50m NOK. Reported fact